Value Creation in Real Estate + MORE

House #47: Final Analysis


House #47:  Final AnalysisWe closed on the sale of The Divorce House today…
This was a pure wholesale deal — I never even saw the property! The buyer was the same investor who purchased The Retail House and plans to hold it as a rental. Given that I never saw the house, there’s not much I can really say…
Here are the final stats and financial details:
Here are the key timeline milestones:

Purchase Offer Date: 2/7/2013
Purchase Closing Date: 2/25/2013
Rehab Completion Date: 2/25/13
Sale Listing Date: 2/28/2013
First Sale Contract Date: 3/6/2013
Final Sale Contract Date: 3/6/2013
Sale Closing Date:3/15/2013

Here is the breakdown of financials for this project:

Final Statistics
Here are just some of the final statistics that I’ve been tracking for all my projects, and that summarize the success/failure of each project pretty well:

From Offer to Purchase Time: 18 Days

Rehab Time: 0 Days

Selling Days on Market: 6 Day

Selling Close Time: 9 Days

Total Hold Time (Close to Close): 18 Days

Total Profit: $16,789…

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Value Creation in Real Estate


In real estate it’s hard to not get caught up in the idea that it’s merely who you know and your ability to put together deals that dictates your success. Many prominent real estate investors have great access to capital and an innate ability to structure deals. They often win through buying and selling assets at the right time in the cycle, taking advantage of capital markets, and putting good teams in place…

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You Can Buy a Home Even When It's Not for SaleFiled under: News, Advice, Buying
By Marilen Cawad

Chris Lichon found her “dream” starter home as she was driving around Rutherford County, Tenn., one fine spring day. The house was on about an acre of ground, on a dead-end street, with a big pasture beside it that she could rent for her horse. It was perfect, she thought, except for one small detail…

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Is Incorporating Worth It?


Is Incorporating Worth It?
Every year about this time as I do my taxes, I think about my LLC.  I incorporated my landlording business about 10 years ago.  I recall that I was at a real estate seminar listening to one of the gurus talking about how you had to incorporate to protect your anonymity and your assets.  This year I was pondering if incorporating my business was worth it…

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